# Axos Reports Higher Quarterly Profit as Deposits and Interest Income Grow

The bank holding company reported $129.6 million in net income, alongside a higher provision for credit losses.

By Will Langan | 24X7 News
Published: 2026-10-29T21:59:53.238Z
Updated: 2026-10-29T21:59:53.238Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/axos-first-quarter-results-october-29-2026

Axos Financial reported October 29 that net income for its first fiscal quarter rose 15.4% from a year earlier to $129.6 million.

Diluted earnings reached $2.25 per share, compared with $1.94. Adjusted earnings, which exclude specified items, were $134.8 million, or $2.34 per share.

Net interest income increased 13.8% to $331.3 million. Non-interest income rose 97.3% to $63.8 million, according to the company’s unaudited results for the quarter ended September 30.

Deposits increased to $25.4 billion from $24.6 billion at June 30. Ending net loans rose $316.6 million during the quarter to $25.9 billion.

Net interest margin improved to 4.64%, up from 4.54% in the preceding quarter.

Credit costs also increased. The provision for credit losses was $24.5 million, compared with $17.3 million a year earlier. Axos attributed the provision primarily to individually assessed loans, partly offset by improvements elsewhere in its allowance model.

Nonperforming assets represented 0.51% of total assets, down from 0.64% a year earlier. These figures describe reported performance rather than a guarantee of future credit conditions.

Sources:
Axos — October 29 Results via Business Wire: https://www.marketscreener.com/news/axos-financial-inc-reports-first-quarter-fiscal-year-2027-results-ce785fdadd80f121

## Sources
- Axos — October 29 Results via Business Wire: https://www.marketscreener.com/news/axos-financial-inc-reports-first-quarter-fiscal-year-2027-results-ce785fdadd80f121